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Overview This page contains the latest international trade data for Prince Edward Is.. In January 2024 Prince Edward Is. was the number 10 in total exports and the number 11 in total imports in Canada.

Exports In 2023, Canada's Prince Edward Is. exported C$ 1.99B, making it the 10th largest exporter out of the 13 exporters in Canada. In 2023 the top exports of Prince Edward Is. were Potatoes, prepared, frozen (C$ 642M), Commodities not specified according to kind (C$ 332M), Potatoes (Non-seed) (Fresh/Chilled) (C$ 225M), Frozen Homarus Lobsters (C$ 175M), and Other diagnostic reagents (C$ 107M).

Imports In 2023, Canada's Prince Edward Is. imported C$ 89.8M, making it the 11th largest importer out of the 13 importers in Canada. In 2023 top imports of Prince Edward Is. were Diammonium phosphate, in packs >10 kg (C$ 13M), Monoammonium phosphate & mix with diammonium,... (C$ 9.68M), Urea, including aqueous solution in packs... (C$ 9.1M), Ammonium nitrate limestone etc mixes, pack... (C$ 6.94M), and Fertilizers, mixes, others (C$ 4.57M).

Economic Complexity In 2023, the highest complexity exports of Prince Edward Is. according to the product complexity index (PCI) are Other Organo-Inorganic Compounds (1.77), Nucleic Acids (1.57), Organo-Sulfur Compounds (1.41), Laboratory Reagents (1.31), Gas Turbines (1.05), Trailers and semi-trailers, not mechanically propelled... (0.83), Oxygen Heterocyclic Compounds (0.8), Natural Polymers (0.78), Industrial Food Preperation Machinery (0.67), and Peat (0.48). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2023)United StatesC$ 1.77B
Top Product (2023)Potatoes, prepared, frozenC$ 642M

In 2023 the top export destinations of Prince Edward Is. were United States (C$ 1.77B), France (C$ 67M), Belgium (C$ 65.2M), Germany (C$ 30.2M), and Japan (C$ 26.8M).

In 2023 the top exports of Prince Edward Is. were Potatoes, prepared, frozen (C$ 642M), Commodities not specified according to kind (C$ 332M), Potatoes (Non-seed) (Fresh/Chilled) (C$ 225M), Frozen Homarus Lobsters (C$ 175M), and Other diagnostic reagents (C$ 107M).

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Exports Dynamics

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)
United States C$ 7.05M (5.13%)
Belgium C$ 5.75M (264%)
India C$ 3.69M (4.25k%)
Rapidly Declining Export Origins (Jan 2023 - Jan 2024)
France C$ -3.01M (-75.2%)
United Kingdom C$ -1.88M (-84.1%)
Germany C$ -1.68M (-48.2%)

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Yearly Imports

Color
Depth
Top Origin (2023)United StatesC$ 35M

In 2023 the top import origins of Prince Edward Is. were United States (C$ 35M), Morocco (C$ 9.68M), Algeria (C$ 9.1M), Netherlands (C$ 7.63M), and Sweden (C$ 2.97M).

In 2023 the top imports of Prince Edward Is. were Diammonium phosphate, in packs >10 kg (C$ 13M), Monoammonium phosphate & mix with diammonium,... (C$ 9.68M), Urea, including aqueous solution in packs... (C$ 9.1M), Ammonium nitrate limestone etc mixes, pack... (C$ 6.94M), and Fertilizers, mixes, others (C$ 4.57M).

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Economic Complexity

Economic Complexity of Prince Edward Is.

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Economic Complexity (2023)-0.14

Prince Edward Is. ranks 4th out of the 13 provinces in Canada according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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Economic Complexity Ranking

Value

The economic complexity of a territory can change year to year. Prince Edward Is. it is in position 4th considering its ECI in the last year.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Prince Edward Is. already has a comparative advantage, are led by Fish Fillets (0.063), Bulbs and Roots (0.061), Non-fillet Frozen Fish (0.061), Onions (0.059), and Other Oily Seeds (0.059).

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Most Complex Products by PCI

The highest complexity exports of Prince Edward Is. according to the product complexity index (PCI) are Other Organo-Inorganic Compounds (1.77), Nucleic Acids (1.57), Organo-Sulfur Compounds (1.41), Laboratory Reagents (1.31), Gas Turbines (1.05), Trailers and semi-trailers, not mechanically propelled... (0.83), Oxygen Heterocyclic Compounds (0.8), Natural Polymers (0.78), Industrial Food Preperation Machinery (0.67), and Peat (0.48). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Other Frozen Vegetables (565.73), Potatoes (423.90), Molluscs (70.00), Frozen Fruits and Nuts (69.90), and Crustaceans (68.06).

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Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Prince Edward Is. is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

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Relatedness Space

This network shows the products most related to the production structure of  Prince Edward Is.. These are products that tend to be co-exported with the products that Prince Edward Is. exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

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Diversification Frontier

Depth
Filter

The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions. Bubble size corresponds to exports value by year 2020.

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